MediLoans

 We are prepared to give our 18 year old children unsecured Tertiary loans anywhere from 25,000 to 100,000 so that they can earn a University degree and become productive members of society

Similarly, there is a group of Australians that could equally benefit from undergoing certain elective surgery procedures that would have a profound and immediate effect, enabling this sector to become productive members of society as well.

This is the basis for implementing MediLoans.

For a lot of these people it is the only way that they can afford to have elective surgery that would enable them to re-join the workforce or to re-train so they could acquire better jobs.

The MediLoans would only be available for Certain Elective procedures that would have an immediate and profound positive outcome.  

The Patient must have the ability to repay the loan over a confined period of time so there would be age restrictions as well.

Types of surgery would be determined by the administrator of MediLoans but typically the types of surgery would be for Joint Replacement, Prosthetic Limbs, Weight Loss and certain types of Cosmetic surgeries just to name a few.

It would work much like the current HECS scheme and be recorded against the individuals Tax File Number with mandatory repayments and all Tax Refunds applied against the loan.

The Loans would be Interest Free providing that the Recipient complied with their repayment terms and conditions.

There are a lot of people who would elect to take this option if it was available.

This will not be for everyone but if it can enable people to re-join society and become a productive then it’s a win/ win.

In some instances it will actually save the Tax Payers by alleviating long term chronic medical conditions in some individuals.